Capital Property Fund - Director"s Dealings In Units

Capital Property Fund - Director"s Dealings In Units                            
Capital Property Fund                                                           
Share Code:  CPL                                                                
ISIN: ZAE000001731                                                              
("Capital" or the "Fund")                                                       
(A Portfolio in Capital Property Trust Scheme, a Collective Investment Scheme in
Property established in terms of the Collective Investment Schemes Control Act, 
No 45 of 2002 managed by Property Fund Managers Limited ("PFM"))                
(Incorporated in the Republic of South Africa)                                  
(Registration No. 1980/009531/06)                                               
In compliance with Rules 3.63 - 3.74 of the JSE Listings Requirements, the      
following information is disclosed:                                             
Name of director:                  Des de Beer, who is a trustee and            
                                   beneficiary of the Suni Trust, the entity    
                                   which entered into the transaction.          
Date of transaction:               16 May 2005                                  
Nature of transaction:             Purchase                                     
Number of securities:              24 330                                       
Class of securities:               Units                                        
Price per unit:                    R3.30                                        
Total value:                       R80 289.00                                   
Nature and extent of director"s                                                 
interest:                          Indirect beneficial                          
Clearance to deal in compliance with paragraph 3.66 of the JSE Listings         
Requirements has been obtained.                                                 
Rosebank                                                                        
17 May 2005                                                                     
Sponsor                                                                         
Java Capital (Pty) Ltd                                                          
Date: 17/05/2005 10:12:16 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department